The name Chandigarh was derived from the famous temple called 'Chandi Mandir'. 'Chandi' is the Goddess of Power and 'Mandir' means temple. 'Garh' or fort beyond the temple, the beautiful city 'Chandigarh' name was derived.

Chandigarh is the capital of two states i.e Punjab and Haryana. After independence, India had invited the great architect, Le Corbusier to design the new capital of Punjab, as the earlier capital Lahore had gone to the Pakistan after partition. But, the city does not belong to any of the two states. Now, it is a UT(Union Territory) which means city is administered by the Government of India.

The structure of Chandigarh is divided into sectors or blocks of houses. Each sector has its separate shopping center and well planned parking system. The city is well known for its lush green gardens, parks, well-constructed roads. There are no. of , picnic spots, places to visit to enjoy like Rock Garden, Rose Garden, Sukhna Lake, Museums, Art Galleries and many more.

Chandigarh is the India's fastest growing city in the Northern India. The transport and communication facilities in the city are good and effective. The sectors are connected by means of planned transport system and well-constructed roads.

As we all have a brief introduction of the city, Now a question comes in our mind that if one city provides these facilities then what would be its land or real estate prices?. Do You know, these prices are now rising very fast. Why these prices are rising? , What are the reasons behind these risings?, How long will they rise?, What would be the real estate prices in the coming years?.
Thanks
Nelson

The scarcity of land coupled with the spurt in demand for retail space has jacked up price of commercial properties by over 40 per cent in the last six-months in Chandigarh. The hike has come as a windfall for the upcoming multiplex projects and a string of industrial and traditional movie theatres are lined up to turn into commercial complexes.The city has come shoulder to shoulder with metros in terms of going rentals as that rentals are brimming Rs 600 per square feet at the prime locations. The realtors are seeing the place as the retail goldmine as the city leads in terms of per head earning and spending in the country. And most brands are ready to pay hefty rentals as the price of commercial properties is expected to remain firm in future as well. Sources informed that leasing price of the premier locations in the multiplex varies from Rs 550 per square feet to Rs 150 per square feet. Chandigarh seems to have become a hot choice for the big wigs of the industry may it be in the arena of IT, Real Estate, Education, Hotel & Tourism etc. The Chandigarh Capital Region is expected to attract an investment close to Rs 6,000 crore within the next two-three years. Some of the major projects coming up in the region include the Rajiv Gandhi Chandigarh Technology Park, Multimedia cum Film City, Theme Park, Education City and Medicity.Urbanization has added more population to the city and more people are settling in the city than ever before.The transport and communication facilities in the city are good and effective.ncrease in the foreign investment has actually fuelled the rising in the real estate prices.So , It's a very big and great opportunity to invest at this time because this is the right time to invest as real estate prices are rising day by day...... Investment in Chandigarh is really beneficial for any developer , real estate giants or also for common man .

Investing in chandigarh is an good idea. This is an place with rich herritage and culture . you can find lot's of foregin investors over here. This place even got amusemnt parks , has an good city to stay. As of now the prices were raising like rokcet in the property market.

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